New Jersey Daily Briefing;Trying to Discourage Layoffs

By TERRY PRISTIN

Published: May 13, 1996

TRENTON—
Two Assembly committees will join forces today to consider how the Legislature might discourage corporate cutbacks. Members of the New Jersey Industrial Council, A.F.L.-C.I.O., are among those scheduled to appear at the joint session of the Labor Committee and the Commerce and Military and Veterans Affairs Committee. The unions are backing a bill that would require companies with more than 100 employees to pay workers dismissed for economic reasons two months of severance pay for every year of service.